America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: steve lipson who wrote (5765)	11/11/1997 6:18:00 PM
From: Todd Daniels	of 13594

>>Overall, it appears they could generate $2+ per share in earnings >>from utilization of $790 million in tax loss carryforwards Not to EPS that count towards estimates. TLCs are booked as 'extraordinary items'. The logic of course is the illogic of using a loss from a prior period's earnings to goose those of a subsequent one. Says nothing about current operations, which is what EPS estimates are all about. There can be exception when there's acquisition of a company that has TLCs, depending upon how the deal is structured.

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